Merrill Lynch to HP: Time for a breakup

Longtime Wall Street analyst Steven Milunovich is urging Hewlett-Packard's top management to split the company into two separate businesses.

In the note, Milunovich argues that HP can improve its strategic focus by breaking off into distinct organizations. He suggests either spinning off HP's imaging and printing business or breaking up the company into two divisions, one that sells to consumers and one that sells to corporate customers.